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About SPDR S&P 500 ETF Trust
SPY tracks the value of 1 share of the SPDR S&P 500 ETF Trust. The ETF seeks to track the investment results of an index composed of the 500 largest U.S. companies by market capitalization.
On Aster (AsterDex), SPY is a synthetic perpetual market. Aster quotes it independently of every other venue CoinBeaver tracks, so its mark price, funding rate and open interest are its own.
SPY is listed as an Aster synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Equity Indices.
Frequently Asked Questions
- What is SPY?
- SPY tracks the value of 1 share of the SPDR S&P 500 ETF Trust. The ETF seeks to track the investment results of an index composed of the 500 largest U.S. companies by market capitalization.
- Does trading SPY give me any of the rights of owning SPDR S&P 500 ETF shares?
- No. SPY is a synthetic perpetual with no delivery mechanism or arbitrage bridge to SPDR S&P 500 ETF shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying shares.
- Where does the SPDR S&P 500 ETF Trust trade, and in what currency?
- The SPDR S&P 500 ETF Trust trades on NYSE Arca, and its shares trade in U.S. dollars. SPY's price already reflects that USD-denominated ETF, with no currency conversion involved.
- What is SPY on Aster?
- SPY on Aster (AsterDex) is a synthetic perpetual market that tracks price exposure linked to 1 share of the SPDR S&P 500 ETF Trust. It trades on Aster, so you can go long or short without holding any shares.
- Can SPY's price on Aster differ from the price on other venues?
- Yes. Aster quotes SPY independently of every other venue CoinBeaver tracks, so its mark price, funding rate, and open interest are its own. The price on Aster can therefore differ from the same instrument on another venue.
- What does an independent quote on Aster mean in practice?
- It means SPY's price on Aster is set by activity on Aster itself — its mark price, funding rate, and open interest reflect Aster's own market rather than being copied from another venue's feed.
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